Loughlin and her husband, Mossimo Giannulli, are accused of paying $500,000 to get Olivia Jade Giannulli and their older daughter, Isabella Rose Giannulli, into USC.

The youngest daughter of actress Lori Loughlin was vacationing in the Bahamas on a University of Southern California trustee's yacht when news broke that her parents had been indicted as part of a $25 million college-admissions scandal.

"My daughter and a group of students left for spring break prior to the government's announcement yesterday," Caruso said on Wednesday. "Once we became aware of the investigation, the young woman decided it would be in her best interests to return home."

She apologized last year after posting a video on YouTube saying she didn't "really care about school" and didn't know how much she planned on attending.

Caruso, who last year was elected as chairman of the board of trustees, said in a statement on Tuesday that the charges filed against USC employees were "disturbing."

"I am saddened that these people would abuse their positions of trust and, as the government has alleged, victimize USC in the process. There is no option other than zero tolerance for this type of behavior. As a result, USC has fired the alleged wrongdoers," he said in the statement.